Gasp (Mangata)

Gasp is an innovative blockchain network that redefines cross-chain swaps by eliminating the need for traditional bridges, a common vulnerability in many blockchain ecosystems. Utilizing escape hatches, ZK proofs, and decentralized sequencers, Gasp ensures that user funds are always secure and can be withdrawn at any time.

What sets Gasp apart is its reliance on Ethereum for transaction finality through EigenLayer, making it one of the first Actively Validated Services (AVS) in the blockchain space.

While ZK-rollups are powerful, they fall short in validating cross-chain swaps; Gasp addresses this limitation by leveraging EigenLayer to provide a trustless source of truth. This allows for seamless atomic swaps across different rollups, such as ARB and OP, making the process as straightforward as executing a smart contract on Ethereum or other connected chains.

Key Benefits:

1. Enhanced Security: The use of escape hatches and ZK proofs ensures that user funds are always protected.
2. True Cross-Chain Compatibility: Gasp allows for native cross-chain swaps without relying on vulnerable bridges.
3. Ethereum Integration: By utilizing EigenLayer, Gasp benefits from Ethereum’s robust security and finality, providing a trustworthy environment for cross-chain transactions.

Investment Backing

The project raised $10.6M from: Polychain Capital, CMS Holdings, IOSG, Mapleblock Capital, TRGC, and others.